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Unemployment Rate Assignment

Question: What is the national unemployment rate right now? Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race) or choose a demographic group of interest.

Is it higher or lower than the national average? Why do you think this is so? What other statistics could contribute to this relationship?

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Solution: According to the bureau of labor statistics (BLS) website, the correct national unemployment rate is 3.7%. Considering the major working group, it has been found that the joblessness rate for adult male is 3.4% while for adult female it is 3.3% (Bureau of Labor Statistics, 2019). In addition to this, the unemployment rate for teenager groups is 12.6%. The selected demographic group of interest is teenagers make, particularly above 16 years old. According to the report of the BLS, the rate of joblessness for men within the age group of 16 to 19 years is 3.7%. This rate of unemployment for the selected demographic group has remained unchanged from April to August 2019. In January 2019, the unemployment rate for this group has risen to 4.1% which eventually drop down to 3.9% in February 2019 (Bureau of Labor Statistics, 2019). Analyzing the report, it can be inferred that the rate of unemployment for teenager male is equal to the national average unemployment rate, which is 3.7% (Bureau of Labor Statistics, 2019). This reflects that the maximum unemployed population leaving the nation is teenagers. Based on the data collected from the bureau of labor statistics, it is identified that this teenager men group holds the highest population of the unemployed persons, which is 3233 (Bureau of Labor Statistics, 2019).

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